NorthMarq Capital arranges two industrial properties totaling $4.6 million
Commerce Center I & Recall Warehouse
DENVER (January 16, 2014) – Stephen Bye, executive vice president and senior managing director of NorthMarq Capital’s Denver regional office arranged refinancing for two industrial properties: Commerce Center I and Recall Warehouse - Commerce Center I, located at 15200 and 15250 E. 33rd Pl. and 15201 E. Moncrieff, Pl., Aurora, Colorado contains 69,600 sq.ft. Financing for the $2.1 million transaction was structured with a 10-year term and 25-year amortization rate and was arranged for the borrower through NorthMarq’s relationship with a correspondent life company. Constructed in 1985, the office/flex property consists of three, single story buildings with an average office finish of 30%. -Recall Warehouse, located at 1255 S. Pasadena, Mesa, Arizonq contains 79,934 sq.ft. Financing for the $2.5 million permanent fixed loan was structured with a 10-year term and 25-year amortization schedule and was arranged for the borrower, One Carol Place, Co, LLC. through NorthMarq’s relationship with a correspondent life company. Constructed in 1986 and renovated in 1999, the 1-story industrial building is 100% climate-controlled and has six loading docks. The property is currently leased to Recall Total Information Management, Inc.
About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
